8 of the Most Reliable Tribal Lenders. No Credit Check + Guaranteed Approval
Mobiloans

The Tunica Biloxi Tribe is Louisiana's owner. This tribe was recognized by the federal government as an American Indian Tribe in 1981. The company operates on the internet via an office that is located on the reservation of the tribe.

Mobiloans advertises its loan to people with a need for cash. Mobiloans does not operate under state law and is therefore an a tribe-owned lender.

Mobiloans loans are very similar to cash advances obtained from credit cards, despite the fact that they charge higher interest rates than typical payday loans. Mobiloans charges its borrowers a range of 206.14% up to 442.31 percent in annual percentage rates (APR).

See a complete review of Mobiloans here.
Bright Lending

Also known as Aaniiih Nakoda Finance, Bright Lending is a loan company located in Hays, Mont. Since it's a Tribal Payday Lenders No Credit Check lender, the business's ownership falls under the jurisdiction of an American Indian tribe that's also recognized by the state. The Fort Belknap Indian Community of Montana is the Indian tribe in this instance.

Bright Lending's rates of interest are staggeringly high for new customers. The rate of interest will decrease to 700% if you sign up for automatic payments. This is 30% higher than a traditional payday loan.

Bright Lending, active for the past five years, offers short-term payday loans with high interest rates . The loans are almost two times as much than traditional payday loans. Additionally, they are nearly twice as expensive as traditional payday loans. Federal Reserve Bank of St. Louis It lists the interest rate on a payday loan at 391%

Get a full review on Bright Lending right here
Spotloan

Spotloan is an online-based alternative to tribal loans that is a better option than the typical payday loan, which operates slightly similarly to Better Day Loans. Spotloan provides short-term, high-interest installment loans to those who meet the criteria. Spotloan differs in comparison to other payday lenders. They give customers to pay back their loans in a series of installments.

Spotloan's maximum annual percentage (APR) is 490 percent. Spotloan will loan $600 to you and charge you $775 for finance fees. In other words, you'll have to repay $1,375 for the loan.

Spotloan strives to position its services as an alternative to payday lending. Spotloan offers the same rates as payday loans, even though it's much easier to pay the loan in installments. What this means is that it's tough for them to differentiate themselves from other loan companies.

Get a complete overview about Spotloan right here
Plain Green Loans

The company is currently online only and provides small personal loans that must be paid back in a set time. Plain Green Loans' loans are similar to payday loans however, the amount of the loan is higher and the rate of interest is higher.

Read the full review of Plain Green Loans here
American Web Loans

American Web Loans, an online lender, is under the full ownership of the Otoe-Missouria Tribe of Indians. It is legally recognized as sovereign American Indian country, so it's not subject to state laws.

The Indian tribe is believed to have existed in the Missouri River Valley since at about 1600. The business has been in existence only for ten of the last ten.

American Web Loans advertises an APR range from 400-600 percent. You can get a loan of $800 at 400%, and repay it in 28 equal payments of $126.42, which will amount to $3,539.

Check out a full review of American Web Loans here
Big Picture Loans

Big Picture Loans (tribal payday loan company) offers installment loans to those who are financially strapped. It has been operational for a staggering eight years.

Big Picture Loans, on their homepage, states that they will accept up to 94% outside applications and will begin disbursement for all loans approved on the next business day.

Big Picture Loans belongs to the Lake Superior Chippewa Indians Tribe. The company is usually located outside of Watersmeet, Michigan, which is the tribe's reservation.

Big Picture Loans offers loan amounts of between $200 and $3500. APRs vary from 350% to 699 percent. The loan terms are flexible from 4-18 Months. The loan will cost you more than $5,000 if you take out $900 and pay an interest rate of 389% for 18 months.

Check out a thorough review of Big Picture Loans here
Better Day Loans

Better Day Loans advertises itself as an alternative to payday loans. The APR for a personal loan from Better Day Loans may be twice that of a traditional payday loan. An average $500 loan at 780% APR with 24 monthly payments of $162 each month, will cost you $3900.

See a complete review of Better Day Loans HERE
Majestic Lake Financial

Majestic Lake Financial bills itself as a tribal lender group that offers personal loans via its online portal. The company offers loans to people with bad credit and who are in dire need of flexible solutions. Majestic Lake Financial doesn’t provide any specific information regarding the date they were established. However, according to the Better Business Bureau (BBB), the company was incorporated in 2013.

Majestic Lake has stated that it no longer offers loans. They seem to have changed their branding and are now operating under the Uprova name. BBB also offers additional details on the review sections. Majestic Lake Financial also has long-standing business relationships with Mountain Summit Financial and Silver Cloud Financial. It is essential to determine whether lenders have multiple names or have partnerships with other lenders before you are considering borrowing.

Majestic Lake offered loans from $300 to $1000. The company doesn't reveal its APRs.

See a complete review of Majestic Lake Financial here
Do You Need a Tribal Loan?

Avoid taking out payday loans if possible. It's possible to avoid getting a payday advance however, it's essential to know the specifics.

Because traditional payday loans have lower protections than traditional tribal lenders, they are superior to traditional tribal payday loans.

Make sure you take out the smallest amount of payday loans and be sure to have a repayment plan that is in place.
Are Tribal Loan Illegal?

Tribal loans can be governed by legal inconsistencies. A number of states have taken measures to curb payday loan lenders. They have passed statutes that regulate loan amounts and interest as well as fees. Others have outlawed payday lender altogether. The National Conference of State Legislatures informs us that 37 states now have laws governing payday loans..

Some lenders from tribal communities claim that their ownership of the tribe and operations grant them sovereign immunity and thus state laws are not applicable to their lending practices. You should check with your state if they offer guidance for tribal borrowing.
FAQ
Can Tribal Lenders Garnish Wages?

If you fail to repay your loan the payday creditor or debt collector may attempt to sue you and require you to pay. If the decision is in their favour, or if you do not contest the suit or claim and the court decides to issue a judgment or order against you. This allows the bank or collector to garnish your earnings. This happens when your bank/credit union receives a garnishment an order.
Every state has their own rules for wage garnishment as well as bank garnishment. Certain types of benefits or payments such as those mentioned above, could be protected from garnishment by federal law.
Be aware that some tribal loan lenders can threaten to garnish borrowers in order to force them to make payments. This is despite the fact that they are not legally recognized as having any authority. You should investigate your legal options in the event that this occurs to you. The Federal Trade Commission (FTC) and Consumer Finance Protection Bureau have rules that lenders must follow.
Can an Tribal Payday Loan Company Sue You?

Simple words will state that payday loan companies will sue you when you default on debt repayments. They'll only sue you if you are late with your payments or violate the original loan agreement.
Payday lenders can't bring you before the court of criminal jurisdiction. They only allow the use of civil courts. If you fail to pay your payday loan on time, you can't go to jail.
Lenders would rather talk to them and assist you in establishing a an arrangement for payment rather than have the matter be settled through the court.
Are Tribal Loans Guaranteed?

Tribal loans can be obtained with little to no risk, although they aren't secured. There are , however, certain conditions.
you must provide a driver license or government identification to verify your employment status, have an active bank account and declare your monthly earnings.
Do Tribal Lenders Provide reports from credit bureaus?

Tribal lenders aren't required to submit their information to credit bureaus.
Tribal loans are a great option to increase credit scores.

The majority of tribal lenders don't look into your credit score.
How many tribal loans can you get at a time?

In principle, most tribal lenders' websites say that you are only eligible for one loan from the tribe at one time. The borrower may be able to negotiate for a loan extension or convert the loan they have already taken into a new one. You can find a tribal lender who will offer a separate loan. This is not a good idea.